The Wall Street  Blockchain  Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term Alliance (WSBA), a non-profit distributed ledger technology trade association, today announced that BlockEx and RiskSpan have joined the organization as its newest corporate members.

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Adam Leonard, CEO of digital asset platform BlockEx, says: “BlockEx is excited to become corporate members of the Wall Street Blockchain Alliance and the opportunity to work with other association members and partners of the WSBA in the collective goal of educating the broader financial markets community about the benefits of one of the most transformational technologies of the 20th century powering the 4th Industrial Revolution.”

Mr. Suhrud Dagli, co-founder of RiskSpan, Inc., which helps financial professionals handle  Big Data  Big Data Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econometrics and was made famous in Silicon Valley in the mid-1990s. What Big Data Can Do for YouBig data is the massive amount of data collected over time that are difficult to analyze and handle because the data sets are so enormous. The records are analyzed for marketing trends in business as well as in the fields of manufacturing, medicine, and science. The types of data include business transactions, e-mail messages, photos, surveillance videos, activity logs, and unstructured text from blogs and social media, as well as the vast amounts of data that can be collected from sensors of all varieties. Big data can also refer to the analytical challenge in deriving meaningful information from data in petabyte and exabyte volumes. For example, big data analytics breaks down the data sets into smaller chunks for efficient processing and employs parallel computing to derive intelligence for effective decision-making.Big data is used in a wide range of industries, sectors, or applications. This includes benefits for governments, healthcare, finance, education, media, internet of things (IoT), information technology, and others. Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econometrics and was made famous in Silicon Valley in the mid-1990s. What Big Data Can Do for YouBig data is the massive amount of data collected over time that are difficult to analyze and handle because the data sets are so enormous. The records are analyzed for marketing trends in business as well as in the fields of manufacturing, medicine, and science. The types of data include business transactions, e-mail messages, photos, surveillance videos, activity logs, and unstructured text from blogs and social media, as well as the vast amounts of data that can be collected from sensors of all varieties. Big data can also refer to the analytical challenge in deriving meaningful information from data in petabyte and exabyte volumes. For example, big data analytics breaks down the data sets into smaller chunks for efficient processing and employs parallel computing to derive intelligence for effective decision-making.Big data is used in a wide range of industries, sectors, or applications. This includes benefits for governments, healthcare, finance, education, media, internet of things (IoT), information technology, and others. Read this Term, adds: “RiskSpan is excited to be a part of the Wall Street Blockchain Alliance. We’ve helped the world’s leading financial institutions derive actionable insights by solving their toughest data and analytical challenges with our Edge platform. Now, with SmartLink Labs, we’re building a blockchain platform to support structured finance transactions across different asset classes. We feel that aligning with the Wall Street Blockchain Alliance will help bolster our presence in this space as SmartLink Labs continues to develop its technology.”

Ron Quaranta, Chairman of the WSBA, states: “We are privileged to have these new corporate members join the Alliance. Collectively they represent some of the most innovative applications of cryptoassets and blockchain technology, and we look forward to working with them and our other global members to enable comprehensive adoption of blockchain across financial markets and beyond.”